Mitsukoshi will open its first department store in the Philippines this year

Isetan Mitsukoshi Holdings is set to open the first Mitsukoshi department store in the Philippines by the end of this year in a partnership with local property developer Federal Land.

The four-storey lifestyle store, located in Manila’s Bonifacio Global City business district, will accommodate approximately 120 merchants.

Targeting young, middle-class customers, Mitsukoshi is giving the store a “Next Manila Lifestyle” theme and will offer a range of Japanese products in the food, fashion and cosmetics categories.

Customers can purchase food from Japanese-inspired restaurants in Basement 1, while cosmetics and beauty salon services are on the ground floor.

The second floor will feature Japanese dining options and a selection of international dishes, as well as Japanese homewares and accessories – and will house high-end retail brand stores. The third floor is dedicated to well-being and pleasure.

Statista estimates the value of retail sales in the Philippines at $53.6 billion last year and projects that over the next four years spending will rise to $68.71 billion.

The Covid-19 pandemic has encouraged many Filipinos to move online to shop. In May 2020, according to Statista, 41% of respondents said they made more online purchases due to the outbreak in the Philippines. However, 63% of respondents to a subsequent survey in June last year said they were likely to visit a shopping center in the next six months.